Mortgage Rates in Stoneham, Massachusetts — March 2026
Updated March 2026 | Based on Stoneham market data and regional lending conditions
Stoneham is a growing city in Massachusetts with a population of 22,149. The current 30-year fixed mortgage rate in Stoneham is 6.7%, which is 0.05% above the national average. With a median home price of $456,000 and a 20% down payment of $91,200, homebuyers can expect a monthly principal and interest payment of approximately $2,354.
Current Mortgage Rates in Stoneham, MA
Below are the current average mortgage rates available in the Stoneham area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Stoneham Housing Market Overview
The Stoneham housing market reflects moderate demand with prices near the national average. The median household income in Stoneham is $74,700, and the cost of living index is 127.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $120,771 to comfortably afford the median-priced home in Stoneham, which exceeds the current median household income.
Monthly Payment Breakdown for Stoneham
Based on the median home price of $456,000 with 20% down ($91,200), here is what you can expect to pay monthly in Stoneham:
15-Year vs. 30-Year Mortgage in Stoneham
Choosing a 15-year mortgage in Stoneham at 5.95% instead of a 30-year at 6.7% would save you $295,020 in total interest over the life of the loan. However, your monthly payment would be $3,069 instead of $2,354 — an increase of $715 per month.
Calculate Your Stoneham Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Stoneham
What are the current mortgage rates in Stoneham, MA?
As of March 2026, the average 30-year fixed mortgage rate in Stoneham, Massachusetts is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Stoneham?
Based on the median home price of $456,000 with 20% down, the estimated monthly mortgage payment in Stoneham is $2,354 for principal and interest. Including property taxes of $464/month, the total monthly housing cost is approximately $2,818.
What income do I need to buy a home in Stoneham?
Using the 28% rule, you would need an annual income of approximately $120,771 to afford the median-priced home in Stoneham at $456,000. The median household income in Stoneham is $74,700. This means most households would need to either earn above the median or consider homes below $456,000.
Is Stoneham a good place to buy a home in 2026?
Stoneham has a higher cost of living than average with a cost of living index of 127.3 (national average = 100). The property tax rate in Massachusetts is 1.22%, which is near the national average. Stoneham has a population of 22,149 and offers a balanced lifestyle.
Mortgage Rates in Other Massachusetts Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Stoneham, Massachusetts area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.